|
Report Date : |
25.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
KYODO INTERNATIONAL CORPORATION |
|
|
|
|
Registered Office : |
Kyodo Bldg 4F, 5-9-15 Minami-Aoyama Minatoku Tokyo 107-0062 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
May 1997 |
|
|
|
|
Legal Form : |
Limited Company (Kabushiki
Kaisha) |
|
|
|
|
Line of Business : |
Export, import of injection molding machines, industrial machinery, pharmaceuticals, other |
|
|
|
|
No. of Employees : |
4 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
COMPANY NAME AND
ADDRESS
KYODO INTERNATIONAL CORPORATION
REGD NAME: Kyodo
International KK
MAIN OFFICE: Kyodo
Bldg 4F, 5-9-15 Minami-Aoyama Minatoku Tokyo 107-0062 JAPAN
Tel:
03-3409-3526 Fax: 03-3409-3517
URL: http//:www.kyodocorp.com
E-mail: kyodojapan@mu2.so-net.ne.jp
ACTIVITIES: Export, import of injection molding
machines, industrial machinery,
pharmaceuticals,
other
BRANCHES: Kyodo International Pvt Ltd (New Delhi,
Chennai, Mumbai, Bangalore)
FACTORIES: (subcontracted)
OFFICER(S): KENJI SHIN, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY: FINANCES R/WEAK A/SALES Yen 1,300 M
PAYMENTS SLOW CAPITAL Yen 10 M
TREND SLOW WORTH Yen
32 M
STARTED 1997 EMPLOYES 4
COMMENT: EXPORTER OF INDUSTRIAL MACHINERY &
EQUIPMENT
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE
GOOD FOR MODERATE BUSINESS ENGAGEMENTS
MAX CREDIT LIMIT: YEN
8.2 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS:
The subject
company was established by Kenji Shin in order to make most of his experience
in the subject line of business. This is
a trading firm, owned & managed by the Shin family, for mainly exporting industrial
machinery & equipment (see OPERATION
for details). Export destination is
India centrally, where the firm operates four subsidiaries: New Delhi, Chennai,
Mumbai and Bangalore. Due to
unprofitable operations, the firm cut the staff from 9 to 4. .
FINANCIAL
INFORMATION:
Financials are only partially disclosed from the 31/03/2011
fiscal term.
The sales volume for Mar/2012 fiscal term amounted to Yen
1,300 million, a similar amount in the previous term. The net profit was posted at Yen 1 million,
similarly in the previous term. .
For the current term ending Mar 2013 the net profit is
projected at Yen 1 million, on a 4% rise in turnover, to Yen 1,350
million. Yen’s continued advance will
negatively affect exports.
The financial situation is considered RATHER WEAK but should
be good for MODERATE business engagements.
Max credit limit is estimated at Yen 8.2 million, on 30 days normal
terms.
REGISTRATION
Date Registered: May 1997
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10
million
Major shareholders (%):
Kenji Shin (100)
Nothing
detrimental is known as to the commercial morality of executives.
OPERATIONS
Activities: Exports industrial machinery & equipment:
injection molding machines, optical media solutions, automated raw material
handling system, plastics auxiliary equipment, fastest take out Robots for
plastic industry, total packaging solutions, mold repair equipment, including
maintenance & after sales services, pharmaceuticals, quasi drugs, others
(--100%)
Goods are exported centrally to
India. Goods are also partially
imported.
Clients: [Mfrs, wholesalers] Exports to India
centrally: Moser Baer India Ltd, Machino Plastics Ltd, Mirc Electronics Ltd,
other
Domestically: Toyama Chemical
Ind, other
No. of
accounts: 50
Domestic
areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Japan Steel
Works, Yushin Precision Equipment, Tohoku Pioneer, Fuji Seiki, Reiken Inc,
Dexerials Corp, other.
Payment record: Slow
Location:
Business area in Tokyo. Office premises
at the caption address are owned and maintained satisfactorily.
Bank References:
Bank
of India (Tokyo)
MUFG
(Aoyama)
Relations:
Satisfactory
FINANCES: (In Million Yen)
|
Terms Ending: |
|
31/03/2013 |
31/03/2012 |
31/03/2011 |
31/03/2010 |
|
Annual
Sales |
|
1,350 |
1,300 |
1,300 |
1,306 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
1 |
1 |
1 |
-2 |
|
Total
Assets |
|
|
N/A |
N/A |
353 |
|
Net
Worth |
|
|
32 |
31 |
30 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.85 |
0.00 |
-0.46 |
-10.30 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
8.50 |
|
|
N.Profit/Sales |
0.07 |
0.08 |
0.08 |
-0.15 |
|
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/03/2013 fiscal term.
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.